Welcome to our dedicated page for Planet Labs Pbc news (Ticker: PL), a resource for investors and traders seeking the latest updates and insights on Planet Labs Pbc stock.
Planet Labs PBC (NYSE: PL) is an Earth-imaging and geospatial data company that regularly issues news about its satellite launches, government contracts, AI-enabled solutions, and financial performance. As a provider of global, daily satellite imagery and geospatial solutions, Planet’s announcements often highlight developments across its SuperDove monitoring fleet, high-resolution Pelican constellation, and planned Owl next-generation monitoring satellites.
Investors and analysts following Planet Labs PBC can use this news feed to review updates on satellite deployments, such as the launch of Pelican-5 and Pelican-6 and dozens of SuperDoves on SpaceX rideshare missions, as well as first light imagery from newly commissioned spacecraft. The company’s releases also describe AI capabilities on board its satellites and initiatives to explore AI computing in space through projects that involve advanced processors.
Planet frequently reports on contracts and partnerships with government and commercial customers. Recent examples include a multi-year low 9-figure satellite services agreement with the Swedish Armed Forces, an 8-figure contract renewal with an international defense and intelligence customer, awards from the National Geospatial-Intelligence Agency and the U.S. Navy, and contracts with organizations such as NASA, the National Reconnaissance Office, NATO, AXA Digital Commercial Platform, and the Tennessee Department of Environment and Conservation.
In addition, Planet’s news covers financial results, including quarterly earnings releases, metrics such as recurring contract value and backlog, and capital markets activities like convertible note offerings. Readers can also find announcements about acquisitions, such as the purchase of Bedrock Research, and strategic partnerships, including collaborations with Quantum Systems and Google. This page brings together these updates so users can track Planet’s operational progress, customer relationships, and technology roadmap over time.
Planet Labs (NYSE:PL) has announced the pricing of $400 million of 0.50% Convertible Senior Notes due 2030, an increase from the previously announced $300 million. The notes will be convertible at an initial rate of 83.6715 shares per $1,000 principal amount, equivalent to a conversion price of approximately $11.95 per share.
The company expects net proceeds of about $387.5 million (potentially $445.8 million with over-allotment). Planet will use $34.4 million for capped call transactions to reduce potential dilution, with the remainder allocated for general corporate purposes. The notes will bear interest at 0.50% annually, payable semi-annually, and will mature on October 15, 2030.
Planet Labs (NYSE:PL) has announced its intention to offer $300 million in Convertible Senior Notes due 2030 through a private offering to qualified institutional buyers. The company will also grant initial purchasers an option for an additional $45 million in notes to cover over-allotments.
The notes will be convertible into cash, Planet's Class A common stock, or a combination thereof, maturing on October 15, 2030. In connection with the offering, Planet plans to enter into capped call transactions to reduce potential dilution, with an initial cap price premium of at least 100% over the stock's last reported sale price.
The proceeds will be used to fund the capped call transactions and for general corporate purposes.
Planet (NYSE:PL) reported strong Q2 FY2026 financial results with record revenue of $73.4 million, up 20% year-over-year. The company demonstrated significant growth with RPOs increasing 516% YoY to $690.1 million and backlog growing 245% YoY to $736.1 million.
Key financial metrics include 58% gross margin, net loss of ($22.6) million, and positive adjusted EBITDA of $6.4 million. The company generated $85.1 million in year-to-date operating cash flow and $54.3 million in free cash flow, ending Q2 with $271.5 million in cash and equivalents.
Notable achievements include securing major contracts with the German government, NATO, and U.S. Department of Defense, along with successfully launching two new Pelican satellites. For Q3 FY2026, Planet expects revenue between $71-74 million and projects full-year FY2026 revenue of $281-289 million.
Planet Labs (NYSE: PL) has successfully launched two new high-resolution satellites, Pelican-3 and Pelican-4, via SpaceX's Falcon 9 rocket from Vandenberg Space Force Base. These AI-enabled satellites join the existing Pelican-1 and Pelican-2 in Planet's next-generation tasking satellite fleet.
The new Gen 1 Pelican satellites feature 40 cm class resolution imagery across 6 multispectral bands and are equipped with NVIDIA Jetson AI platforms for rapid on-orbit computing. Planet has confirmed successful contact with both satellites and begun their commissioning processes, with plans to launch additional Pelicans this year.
Planet Labs (NYSE:PL), a leading provider of daily Earth data and insights, announced its participation in Morgan Stanley's 13th Annual Laguna Conference, scheduled for September 10-12, 2025. The company's management team will be available for one-on-one meetings with investors during the conference.
Planet Labs (NYSE:PL), a leading provider of daily Earth data and insights, has scheduled the release of its fiscal Q2 2026 financial results for the quarter ending July 31, 2025. The results will be announced before market open on Monday, September 8, 2025.
Management will host a conference call at 8:30 a.m. ET / 5:30 a.m. PT from the New York Stock Exchange. The call will be webcast live on Planet's Investor Relations website, with a replay available approximately two hours after the event.
Planet Labs (NYSE: PL) has announced the final agenda and speaker lineup for its upcoming 'Planet On The Road' event in Bali, Indonesia, scheduled for September 9, 2025. The event will focus on Earth observation opportunities in the Asia-Pacific region.
The conference features notable speakers including Planet executives Robbie Schingler (Co-Founder and CSO) and Charlie Candy (CRO), alongside regional leaders from government agencies, academic institutions, and industry partners. Key topics include AI in space data, Earth observation's role in APAC resilience, agricultural monitoring, and methane emission reduction.
Registration for the event remains open until August 15, 2025.
Planet Labs (NYSE: PL) has announced the shipment of its Pelican-3 and Pelican-4 satellites to Vandenberg Space Force Base for launch on SpaceX's Falcon 9 rocket. The company's satellite production line is now fully operational, manufacturing both Pelican and Tanager satellites at scale.
The Gen 1 Pelican satellites feature 40 cm class resolution imagery across 6 multispectral bands and are equipped with NVIDIA Jetson AI chips for on-orbit computing. The upcoming Gen 2 Pelicans, scheduled for launch next year, will achieve 30 cm resolution. Planet has already launched over 650 Earth observation satellites and plans additional Pelican launches throughout the year to enhance its global imaging capabilities.
Planet Labs (NYSE: PL) has expanded its multi-year contract with Colombia's Instituto Geográfico Agustín Codazzi (IGAC), enhancing the partnership established in 2023. The expanded agreement includes access to the Planet Insights Platform and AI-powered change detection services for roads and buildings.
The comprehensive solution package now includes SkySat Flexible Tasking, PlanetScope Monitoring, Planet Change Detection, and an Education & Research package. IGAC will integrate Planet's data into its Observatorio de la Tierra y el Territorio (OTT) platform to support various organizations in conducting AI-enabled change analysis, infrastructure monitoring, and urban planning across Colombia.
Planet Labs (NYSE: PL) has secured a six-figure contract with Farmdar, an agriculture technology company, to provide access to PlanetScope data and Planet Basemaps for agricultural analysis. The partnership, announced on July 8, 2025, builds upon their existing relationship since 2022.
The collaboration combines Planet's near-daily satellite imagery with Farmdar's AI models to deliver precise crop detection, geographical boundary identification, and arable land mapping. The partnership particularly benefits sugar millers globally who require high-precision agricultural insights.
This strategic alliance highlights the increasing importance of satellite data in transforming traditional farming practices through AI-driven solutions, ultimately supporting global food security and resource efficiency.